Patel Integrated Logistics Updates Buyback Plan with Corrigendum
Patel Integrated Logistics Limited has issued a Corrigendum related to its ongoing plan for the buyback of equity shares through a tender offer. The company's Board of Directors had previously approved the proposal, and the updated information concerns the public announcement regarding this transaction.The buyback initiative involves up to 60,00,000 fully paid-up equity shares. These shares have a face value of ₹ 10/- each and will be purchased from shareholders at a price of ₹ 18/- per equity share. The total aggregate amount for the buy-back has not been set to exceed ₹ 10,80,00,000/- (Rupees Ten Crore Eighty Lakhs only).
The company initially published a Public Announcement on June 24, 2026, concerning the buyback. Subsequently, the Corrigendum was released and published on June 26, 2026.
The details of the publications for both the initial announcement and the corrigendum are as follows:
| Newspaper | Language | Editions |
|---|---|---|
| Financial Express | English | All Editions |
| Jansatta | Hindi | All Editions |
| Mumbai Lakshadeep | Marathi | Being the Regional language of Mumbai wherein the registered office of the Company is located |
PATINTLOG Stock Price Movement
Patel Integrated Logistics Limited's shares rallied on Thursday, climbing 5.00% to settle at ₹15.96. The stock saw robust trading throughout the session, with a total of 275,380 shares transacted during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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